SAX, Emil.

Grundlegung der theoretischen Staatswirtschaft.

Vienna, Alfred Hölder, 1887. 8vo, pp. xxiv, 574, [1] addenda, [1] blank; Friedrich Kleinwächter’s copy, with his ink ownership inscription to the front wrapper; edges a little browned; a good copy in contemporary half cloth, rubbed, spine lettered gilt, front hinge cracked but holding, two short tears to lower joint, with the original printed wrappers bound in. First edition. The Austrian economist Emil Sax (1845–1927) extended the marginal theory of value to cover public finance and transport. ‘In his Grundlegung der theoretischen Staatswirtschaft (Vienna 1887) he elaborated a theory of public economy to complement the ordinary theory of individual economy and attempted to prove that the same laws of value regulate the economic phenomena of both branches. This book represents one of the outstanding contributions to the economic theory of the period and exerted a stimulating influence on the theory of taxation, especially in Italy’ (Erik Lindahl in ESS).%d Provenance: Friedrich von Kleinwächter (1838–1927) was an associate of Böhm-Bawerk, Menger, and Wieser. Born in Prague the son of composer Alois Kleinwächter, he lectured in political economy and statistics at the university of Riga, before taking up a post as Professor of Political Science at the newly founded University of Czernowitz, where Schumpeter later taught. He wrote a number of works, both theoretical and historical, and also edited and published the second edition (1871) of Mangoldt’s Grundriss der Volkswirthschaftslehre. In the first part of his great Kapital und Kapitalzins, Böhm-Bawerk deems Kleinwächter the only German economic writer worth mentioning since Roscher. Batson, p. 200; Einaudi 5108; Menger, col. 93.

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